boat insurance

Dont they have a bluebook? http://www.nada.com

Thanks D

When I checked insurance rates this week, I gave them the value that the NADA guide gave me. They said that was acceptable. Insurance for my boat was surprisingly cheap, $69/annual premium.

What kinda coverage do you get at that cheap price?

My insurance is cheap due to the fact that I have a boat that is valued at $3000. I get $500,000 liability, $5000 medical per occurance, and $2000 personal effects, plus repair costs.

Just thought I’d make this input on the subject. Several years ago we had a local Sportsman’s Club Fishing Tournament and at the start a bass boat going up stream and a flatbottom coming down stream ran into each other. A woman passenger was hurt pretty severly. Last year my cousin fishing a tournament out of Lacrosse had another boat run into them in the fog. My POINT make sure you have insurance. Good and Safe Fishing to all!!!!!!

Well..

I just got a call from my All-State Insurance Agent, advised that my insurance for my boat would only be about 67 dollars a year, the only bad thing is…I CAN’T GET IT because i have a speeding ticket, and in order for them to give boat insurance, you must have a clean driving record for the past 3 years. What a crock of #$#!#@ . Now i have to choose other options….Oh well, I guess that’s what I get for driving Camaro’s as a “younger guy”.

Sounds like a crock of unowhat to me Slopbass. How can the Dept of Motor Vehicle offence have anything to do with boat ins.???

What an eye opener!!!!I have my boat ins. thru progressive.$500,000 bodily injury &property damage liability w/ $2500 fishing equipment. I don’t fish tournments or guide , and i’m paying $615.00 I fish out of 2002 Creastliner 2050 w/ 200efi mercury From what I’m reading I’m gettin @$*@@@#

I have a 85 skeeter with a 2001 115HP and I pay right around 110 a year. I also have my house and both cars with American Family too though… So that probably helps

Comparing what you pay on boat insurance is really not meaningfly because no one here is comparing apples to apples. If your boat is scheduled on your homeowners policy you may not have all the coverage you get with a stand-alone boat policy.

Progressive policies may be more expensive at times because they build in a lot of coverage with their policies.

Also, one question I continue to get is in regards to lower units. If your motor is scheduled on you home policy or on a boat policy your company should replace you lower unit if you take it out. However, unless you have replacement cost on your policy they will not replace the motor. They will pay to fix or get you a new lower unit but not replace the motor. A good way to think of it is if you have a loss with an ACV (actual cash value) policy the companies responsibility is to put you back in the shape you were prior to the loss, not better, not worse. This is different on a RC (replacement cost) policy. In this case you will most likely be in better shape after a loss because they will replace what you had.

It is very hard to compare insurance policies without comparing ALL the coverages.

Thanks for the insight scott. I am definetly going to talk to my carrier. Are you in the insuarnce field? If so maybe I could get a quote from you and then I know it would be covered for what I REALLY need.

Thanks
John

Slop Bass, You can get a boat, motor, and trailer appraisal free from: NADAguides.com.

If anyone want to get a quote from Anglers Advantage the toll free # is 1-800-866-6090.I just got off the phone and my boat is covered for underwater damage and tourney’s

I had a problem with my boat a few years ago and State Farm covered it with replacement cost very well. I will say that any insurance is no better than the agent that you have to work with. If I was in the market for insurance I would consider Scott, because he is one of our IDA family.

JIM